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News Now

Washington
CUNA asks newly sworn Fed gov to talk
WASHINGTON (8/27/08)—After the Tuesday swearing-in ceremony of Elizabeth Duke, the Federal Reserve Board’s newest governor responded favorably to the Credit Union National Association (CUNA). CUNA Senior Vice President and Deputy General Counsel Mary Dunn, attending the ceremony on CUNA’s behalf, congratulated Duke on her appointment to the Fed board and expressed CUNA’s interest in meeting with her. “Ms. Duke seemed to be open to talking with us,” Dunn said. Duke is a former chairman of the American Bankers Association who began her banking career as a teller. Duke’s undergraduate degree was in theater, but, according to a Federal Reserve Board press release, she later received an MBA from Old Dominion University in Virginia, her native state. Prior to her appointment to the Fed board, Duke was senior executive vice president and chief operating officer of TowneBank, a Virginia-based community bank. Before that she was an executive vice president at Wachovia Bank, and an executive vice president at SouthTrust Bank. She also has been a director of the Federal Reserve Bank of Richmond.


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